PEL Setup tradeSELL below 1661 TGT 1610 SL 1684 . Once stock BD the support level we can enter in the trade. RSI is also going towards below 40 the sign of bearishness. This is for your educational purpose only.
PEL
PEL, can go up to 1600 or below tg1-1600, tg-2 1587Despite of today positive market, PEL broke its support zone and can go upto 1600 as this level have strong support as per option chain.
SellRSI failure alongwith negative divergence is clearly visible . Sell below 1882 sl 1990 target 1780-1650
Disc : it's not an investment advice to buy or sell
PEL + Multi time Frame + BreakoutMajor resistance: 2025
Major support: 1890
The Indicator Used:
Panel 1:
1) Valuation band
KEYS: Red Faded Cloud: Over Valuation.
Grey Faded Cloud: Proper Valuation.
Green Faded Cloud: Under Valuation.
2) TE-REKAB - Proprietary Indicator
KEYS:
PB: Pullback
Blue Candle: Selling Divergence
Yellow Candle: Buying Divergence
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The analysis is my POV , hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!
PELStock has formed a rectangle pattern after a good rally.
Wait for breakout or breakdown.
CMP: 1988
Buy: 2000
Sell: 1980
PELSymmetrical triangle patter
Price is consolidating with low volume.
Expecting a good move on either sides.
PEL looks interesting for a long term investment.PEL is looking for a move towards the upside.
The way it has broken away from 2+ years of trendline shows the strength of the bulls present.
PEL is interestingly a money bag for those who prefer to stay long in the market with a futuristic view however fundamentals will play a huge role in the coming movements.
Keep an eye on quarterly reports and future business opportunities.
Disclaimer: All charts are purely for educational and information purposes only. Invest or Trade at your own risk.
pel view - target metbuy given at 1570
for target then 1588-1597
though as per the pattern target was placed at 1810 level
TARGET MET
disclaimer - trade @ own risk
reference chart below
PEL trading levels for the dayanother gem of our fam PEL😍😘😘
for intra players.
must watch pel for the day. it can give u good opportunities.
flag and pole based buybreakout above 1570 will generate buy
for target move towards price
1588-1597 ( stop 1553)
bigger target 1810 (positional swing)
patternn identified > flag and pole
targets based on resistance level area
disclaimer - trade @ own risk
PEL - IntradayPEL is showing an uptrend in 1H & 15 min TF.
15 min candle formed a bullish pin bar & harami pattern from support + FIb 0.618 level.
BuyBuy PEL with sl below 1550 on daily closing basis for target of 1740+
Disc : it's not an investment advise to buy or sell
Piramal enterprise, positional view ! As shown in chart, it gave neckline breakout of inverted head & shoulder pattern.
Possible target:
1) 1710
2) 1900
Feel Free To Ask For Any Technical/Fundamental Query
Educational Purpose Only.
Long PEL Broken cup and handle on weekly time frame
with good volumes
BROKEN ASCENDING TRIANGLE ON RSI
may soon cross the high volume node
PEL for 13th jan 2021Note: im working on 5 minute Time Frame ,look at in 5 minute time frame for better Idea
PEL for Intraday 12th jan 2021Note: im working on 5 minute Time Frame ,look at in 5 minute time frame for better Idea
PEL for 12th jan 2021Note: im working on 5 minute Time Frame ,look at in 5 minute time frame for better Idea
